Canada Trade Gap Widens

By

Paul Vieira

Jan. 11, 2013 9:49 a.m. ET

OTTAWA—Canada's trade deficit with the rest of the world ballooned in November to the fourth-largest monthly gap on record, as exports to countries other than the U.S. plummeted to their lowest level in over two years, Statistics Canada said Friday.

Imports, meanwhile, advanced at the fastest pace in 20 months, which some economists said indicated the Canadian economy is slowly picking up strength.